VAT

Effective VAT planning aims to ensure that VAT is relatively painless, and that you are reclaiming as much as possible of the VAT you pay.

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VAT - overview

Effective VAT planning aims to ensure that VAT is relatively painless, and that you are reclaiming as much as possible of the VAT you pay.

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VAT registration - overview

If you register for VAT with HM Revenue & Customs (HMRC), you must charge VAT on any goods and services you sell that are subject to VAT.

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VAT records - overview

As well as ensuring you comply with your legal obligations, maintaining accurate, current VAT records makes it easy to get the VAT you paid back.

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VAT returns - overview

The VAT return summarises your sales and purchases and the VAT relating to them. All the information you need should be in your VAT records.

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VAT problems - overview

Problems with VAT are common, either because a business does not have the right systems in place or because of a specific complication.

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Common VAT problems

It can be easy to make mistakes with VAT - and ignorance is no defence. Here's our guide to some of the possible pitfalls and how to avoid them.

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HMRC VAT Input Tax Toolkit

This toolkit is aimed at helping and supporting tax agents, advisers and individuals when completing VAT Returns and explains the main problem areas.

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HMRC VAT Output Tax Toolkit

This toolkit is aimed at helping and supporting tax agents, advisers and those completing a VAT Return. Download the HMRC VAT Output Tax Toolkit.

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VAT Registration Toolkit

Visit the GOV.UK website for guidance on VAT registration and an interactive tool which you can use to register for VAT. Links available here.

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A guide to tax penalties

Tax penalties can be incurred if you make careless errors, while deliberate tax evasion or fraud can be treated severely - so avoid penalties.

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VAT calculator

To calculate the VAT contained within a total amount or the VAT charged on a net amount, use the handy online tool on the Tax Central website.

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When you can deregister for VAT

Before you act, you need to be aware of VAT deregistration rules. Visit the GOV.UK website to read advice on when you can deregister for VAT.

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HMRC guide: VAT - getting started

Get started with VAT with this helpful HMRC online guide. Work through the guide to decide whether you need to register for VAT and how to do this.

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HMRC guide: VAT - how VAT works

VAT returns and record-keeping can be complicated. Use this HMRC online guide to help you deal with VAT, including links to more detailed information.